Wales Environmental has acquired West Country‐based drainage company Drainology foran undisclosed sum from its current owners Dave West and Keith Simson.

The acquisition was supported with a six ‐figure loan from the Wales SME Investment Fundmanaged by Finance Wales.Having successfully acquired and integrated Cardiff Drain Cleaning Company (Cardiff Drains)into the business in 2014, the Drainology acquisition is part of Wales Environmental’s planto increase its UK footprint.Acquired businessDrainology, which provides customers throughout Devon, Cornwall and Somerset with arange of specialist drain services, will continue to trade under its existing brand followingthe acquisition. The company’s expertise in no‐dig sewer technology and its capability oflining sewers and culverts up to 650mm in diameter will also complement WalesEnvironmental’s existing services.

"Drainology has an impressive reputation and many loyal customers and its servicescomplement the services Wales Environmental offers. We’re now well placed to increaseour customer base in the South West of England.

“Finance Wales continues to be a long‐term backer of Wales Environmental, funding ourmanagement buy‐out in 2011 and then our acquisition of Cardiff Drains last year.

"Acquiring Drainology has further increased our capacity, provides us with an operatingcentre in a key market, and will enable us to improve our operational effectiveness."

This acquisition is a significant step forward for the company, increasing its fleet by over 20%.

Finance WalesFinance Wales portfolio executive Sam Macalister‐Smith made the investment. He said:“Acquiring Drainology is another step forward in Wales Environmental’s exciting growthjourney and has increased its customer base in the South West of England."Wales Environmental will now be able to build on Drainology’s strong reputation and significant market presence.“

"Wales Environmental is an established Welsh business with an experienced and successfulmanagement team. The company has already made impressive progress towards achievingits long‐term plans with Finance Wales’ backing. We wish them well as they integrate the two companies’ operations."

Further expansion

With the acquisition of Drainology complete, further expansion is in the pipeline at WalesEnvironmental in the coming years as the company looks to strengthen the range of services it can offer.

Finance Wales and HSBC backed the 2011 MBO and Finance Wales has backed thisacquisition with an undisclosed investment.www.walesenviro.comwww.drainology.co.uk

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